Jeff Bezos has filed to sell nearly $4 billion worth of Amazon AMZN shares, days after the company posted a blowout second-quarter report. AMZN shares fell more than 2% on Aug. 4 after Bezos’ filing, but had already rallied to a record close of $284.02 the previous day and roughly 20% since the July 30 … Read more
Crypto Market Update: Coinkite Warns of AI Code Risks After US$130 Million Hack
The whipping post
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Here’s a quick recap of the crypto landscape for Wednesday (August 5) as of 10:00 a.m. UTC. Bitcoin price update Bitcoin (BTC) was priced at US$64,103.14, up by 0.4 percent over the past 24 hours. Chart via The … Read more
Why AMD Stock Dropped Today
The whipping post
What happened Shares of Advanced Micro Devices (NASDAQ: AMD) fell 6.1% on Tuesday as fears of an imminent slowdown in the semiconductor industry intensified. So what Investors are growing more concerned that the economy could be headed toward a recession. With inflation raging, COVID-19 continuing to disrupt supply chains, and conflict in Europe driving up … Read more
The AI Boom’s Next 2 Winners May Surprise You
Listen to the audio version of this article (generated by AI). Going into last week, semiconductor stocks were already suffering their worst monthly rout since 2008. There was no single cause for the bearish turn. Wall Street grew anxious about how quickly Big Tech could turn massive AI investments into profits. Reports that NVIDIA Corporation … Read more
Apple Is Down 10%. Should Investors Buy the Dip?
Key Points The consumer tech giant reported a 26% year-over-year revenue gain. Like others, Apple is feeling the effects of a memory chip shortage. However, the company’s products remain in strong demand. 10 stocks we like better than Apple › Despite reporting record earnings per share and beating Wall Street estimates, Apple (NASDAQ: AAPL) stock … Read more